Bitcoin Faces Potential Pullback Amid Rising Buying Pressure

Bitcoin's recent price surge, reaching an all-time high of $84,929, is driven by strong buying pressure and elevated Coinbase premiums, indicating positive medium-term sentiment. However, CryptoQuant analyst BaroVirtual warns that high premiums and leveraged retail positions could lead to short-term market pullbacks. The analyst highlights the risk of market corrections due to aggressive trading on some Asian exchanges. Despite a slight price correction, Bitcoin's bullish momentum suggests potential for further gains, possibly reaching $100,000, as noted by crypto analyst Javon Marks.